Activists have not been immune to the drubbing hedge funds have taken in recent month, and Jana Partners is no exception.

The New York-based firm has done better than many hedge funds, but has still been battered by the collapse in oil prices, Bloomberg News reports. Barring a major turnaround, the firm, headed by Barry Rosenstein, is facing its first-ever down year since its founding in 2001.

The firm’s $4 billion flagship, the Jana Master Fund, is down 14.7% this year, according to Bloomberg. The fund’s investors are used to the other kind of double-digit return; Jana Master had posted an annualized return of 20.9% prior to this year.

Two other Jana funds have not fared as badly, but still find themselves in the red. Jana Nirvana is down 8.9% through Sept. 30, and Jana Piranha is down 3.1%.